Ann: ASIC Determination, page-26

First 26 Last

Share
Profile

Follow
Sojourner

6,512 Posts.

1908

08/05/18

11:02

Post #: 32949154
Share

Originally posted by Ryzie ↑

Quoted from the Corporations Act cited in the announcement:

(4) The prospectus must either:
mce-anchor
(a) inform people of their right to obtain a copy of any of the following documents:
mce-anchor
(i) the annual financial report most recently lodged with ASIC by the body;
mce-anchor
(ii) any half-year financial report lodged with ASIC by the body after the lodgment of that annual financial report and before the lodgment of the copy of the prospectus with ASIC;
mce-anchor
(iii) any continuous disclosure notices given by the body after the lodgment of that annual financial report and before the lodgment of the copy of the prospectus with ASIC; or
mce-anchor
(b) include, or be accompanied by, a copy of the document.

This was just a time wasting measure by management. Why would ASIC ever let them lodge a prospectus using the previous financial report? Seems like the company has been putting off lodging the half yearly to lodge a prospectus using the previous (false) financials. I hope I am wrong but given recent behavior this seems likely.

Expand

Desperation drives people to do incredibly stupid things I guess. I already thought the biz and management were garbage but I still could hardly believe it when I read the ann today.

They keep finding new lows.

BIG Price at posting: $2.22 Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Climate change to drive market trends to the moon

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

There are more pages in this discussion • 299 more messages in this thread...

First 26 Last

Add BIG (ASX) to my watchlist

Ann: ASIC Determination, page-26

Top Stories

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Fast-track assaying yields 182 g/t gold for iTech at new NT play

KGL sniffs 19% Cu from drilling at Rockface play in NT

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Featured News